The Business of Fashion Podcast

A new era for Topshop is about to begin. On Monday, digital fashion retailer Asos purchased the high-street label, along with sister brands Topman, Miss Selfridge and HIIT, for £295 million ($403 million). The deal ended months of speculation about Topshop’s future after parent Arcadia Group fell into administration last November, as BoF senior editorial associate Tamison O’Connor reported in a BoF Professional article breaking down why Asos needs Topshop. “It’s been very sad for me to see them go through what they’ve been through in the last few months,” retail veteran and former Topshop brand director Jane Shepherdson told BoF editor-in-chief Imran Amed on this week’s podcast. Shepherdson discusses her time at Topshop when it was at the height of its success, the internal and external forces that caused the brand’s demise, before O’Connor weighs in on what the future might hold for the brand under Asos’ ownership. Topshop’s decline was a long-time coming, Shepherdson said, reflecting on her time at the brand. She joined Arcadia as a young graduate and worked her way up the ranks as a buyer, spearheading Topshop’s transformation into a fashion destination. But she left the company in 2006 as Philip Green, who bought Arcadia Group in 2002, became more involved in the business. “He was an asset stripper, more than anything else. He bought businesses, and then sold them again,” she said. “My philosophy was that you would make sure that you designed and bought something that was so amazing that no one would be able to resist it.”   Asos’ ambition to capitalise on the newly acquired Arcadia brands and customer databases will depend on establishing a strong and independent identities for Topshop, Topman, Miss Selfridge and HIIT on the Asos platform, O’Connor said.   O’Connor goes on to explain how the British high street’s transformation into a largely online market has been accelerated by the pandemic, having brought long-struggling British retailers like Debenhams and Arcadia Group to their knees.     Related Articles: Why Asos Needs Topshop Why Digital Fashion Companies Are Buying Up Tired Brands The Rise and Fall of Topshop: What Went Wrong       To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter.   Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.   For all sponsorship enquiries, it’s: advertising@businessoffashion.com Hosted on Acast. See acast.com/privacy for more information.

At VOICES 2020. Paul Davison and Virgil Abloh discussed the audio-only social network’s potential impact in the fashion industry with BoF’s Imran Amed. While the influence of Clubhouse has been growing in the power corridors of Silicon Valley for almost one year, the audio-only social network officially hit the mainstream this month, having grown to more than 2 million users and closed a funding round valuing the business at $1.4 billion. Then, on Monday, none other than Elon Musk made a surprise appearance on Clubhouse, driving global news coverage of his impromptu conversation with Robinhood’s co-founder, Vladimir Tenev, about the remarkable rise in value of Gamestop shares driven by passionate Reddit users. But what could the rise of Clubhouse mean for fashion? In December, the company’s co-founder and chief executive officer Paul Davison made his first public speaking appearance at BoF VOICES alongside Virgil Abloh to discuss the power of creating a space to listen and learn — and how the fashion industry can get involved. “All the conversations that I’ve hosted or been a part of on Clubhouse related to fashion in a weird way have been more in-depth than interviews or regular-format media,” Abloh said. “It’s an interesting case study making sure brands have something to say when you can’t escape to creating an image.”   Related Articles: LVMH Is Trusting Kim Jones to Define Fendi’s Post-Karl Look Dior’s Air Jordans and the Return of Pre-Pandemic Hype Will Luxury Streetwear Get Millennials Into Department Stores     To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter.   Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.   For all sponsorship enquiries, it’s: advertising@businessoffashion.com Hosted on Acast. See acast.com/privacy for more information.

The celebrated designer talks to BoF’s Imran Amed about fashion’s new digital landscape and the launch of AZ Factory during Haute Couture Week. The timing of Alber Elbaz’s return to fashion is apt. After a five-year hiatus following his departure from Lanvin in 2015, the designer debuted his new venture AZ Factory this week. The philosophy underpinning the label, a partnership with Richemont, is to tackle fashion’s challenges of excess, irrelevance and exclusivity with technology, focus and innovation.In the latest episode of The BoF Podcast, editor-in-chief Imran Amed and Elbaz discuss how the designer fell back in love with fashion why it is necessary to slow the pace of the industry. AZ Factory was born out of Elbaz’s disillusionment with the fashion world. His goal is to bring greater transparency to the design process and a more inclusive feel to customers. His first collection runs from size XS to XXXL. “We always have to remember again and again that this is 2021. How do women live, what do they need, how can I give them what they need?” said Elbaz. “It is taking all this information and processing it and then [giving my] take on it.” The label made a digital debut at Paris couture week with a fashion film. Elbaz said the restrictions created by the pandemic were both a creative challenge and opportunity. “I cannot tell you that it was always easy” Elbaz said. “The night before we air[ed] the film I was still working in editing and looking and changing the music.” One outcome of fashion’s current crisis that the designer is fully onboard with is the move towards a slower pace. Elbaz is increasingly focusing on new and innovative fabrics that require time to fully understand from a design perspective. “I cannot do it every couple of weeks so I know that I will have to keep [it to] two projects [at a time],” said Elbaz.   Related Articles: Inside Alber Elbaz’s Return to Fashion Couture in the Time of Covid-19: Realism or Fantasy? The BoF Podcast: Alber Elbaz Is a ‘Zoombie’ Now       To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter.   Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.   For all sponsorship enquiries, it’s: advertising@businessoffashion.com Hosted on Acast. See acast.com/privacy for more information.

American designer Rick Owens speaks with BoF editor Tim Blanks about drawing inspiration from imperfection in his latest collection born from 'anger and darkness.' The discussion covers the references behind the collection, the importance of limitations for creativity, and the personal ritual of presenting without a live audience. Owens reflects on lockdown life, the bonding exercise with his team, and the reminder that limitations can drive creative ingenuity.

BoF’s Imran Amed and McKinsey’s Achim Berg discuss what the fashion industry can expect as the world continues to battle Covid-19. With coronavirus cases surging in most of Europe, extended lockdowns show no immediate sign of easing, while in the US ongoing political and social unrest is set against a backdrop of widespread Covid-19 infections. For fashion, the repercussions will be felt for years to come, but the extent of the impact will largely depend on the handling of such crises over the course of the next year.In the latest episode of The BoF Podcast, BoF editor-in-chief Imran Amed and Achim Berg, global leader of McKinsey’s apparel, fashion and luxury group, discuss the key trends laid out in BoF and McKinsey’s joint annual report, The State of Fashion 2021, in light of recent developments. While experts had warned that the winter months would be challenging, super-spreading virus mutations in Brazil, South Africa and the UK have further complicated matters. “It’s fair to say that we expected lockdowns, we expected restrictions, but we didn’t expect them that early, and we didn’t expect them to take that long,” said Berg, adding that these developments might indicate a slower-than-anticipated recovery for fashion. The closing of physical retail and low consumer confidence has hit retailers both with and without e-commerce hard. “Even if online is growing at 50 percent, you cannot compensate for physical retail,” said Berg. But it’s not all bad news. “The moment things normalise, I think people want to have the shopping experience again,” he added. Stores reliant on tourists for a large portion of their sales are reeling from losses as flights stay grounded, but there is also cause for optimism. “It’s a whole new game, but it’s also an opportunity” said Berg. “I would argue that because in some locations it was easy to serve international customers, they didn’t put [enough] emphasis on serving local consumers.” Related Articles: The State of Fashion 2021 Report: Finding Promise in Perilous Times Tapping Into the Future of Physical Retail Travel Disruption Will Redraw the Fashion Map     Watch and listen to more #BoFLIVE conversations here.   To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter. Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout. For all sponsorship enquiries, it’s: advertising@businessoffashion.com.     Hosted on Acast. See acast.com/privacy for more information.

Oluwole Olosunde, the founder of streetwear and home goods label Against Medical Advice, speaks at BoF VOICES 2020 on lessons from the crisis and the importance of making room for new talent.   In the fight to curb the coronavirus pandemic, frontline medical workers emerged as heroes. During VOICES 2020 last December, BoF welcomed one of them, the emergency nurse-turned-fashion designer Oluwole Olosunde, to share his truly unique perspective on what the fashion industry can learn about nurturing young talent.Olosunde is a trauma nurse whose ambitions go far beyond healthcare. Known as Wole to friends and as Guacawole online to his more than 20,000 followers, he spent 2020 juggling treating patients at a New York City emergency ward with launching his streetwear and home goods line, Against Medical Advice.In this week’s BoF podcast, he discusses how his experiences treating patients in a multi-cultural, multi-lingual city have informed his approach to design, and the importance of giving motivated young talent a chance.   Related Articles: The Emergency Room Nurse Turning His Fashion Dreams Into a Reality VOICES 2020: Fixing the Fashion System   Find out more about #BoFVOICES  here.   To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter. Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout. For all sponsorship enquiries, it’s: advertising@businessoffashion.com.     Hosted on Acast. See acast.com/privacy for more information.

Speaking with Imran Amed, the Washington Post’s senior critic-at-large shares her thoughts on the controversially ‘familiar’ image of the vice president-elect, and explains where it sits within the wider political climate of the United States as it is due to enter a new chapter.When the cover of American Vogue’s February issue leaked on Saturday, January 9, a flurry of controversy ensued. Many took to social media to deride the image of vice president-elect Kamala Harris, lensed by Tyler Mitchell, for its casual styling, unflattering lighting and lack of gravitas. The criticism focused on the argument that the portrait lacked the stately deference they believed such a political figure — not least the first Black, South Asian female vice-president — should command.Among those to share their thoughts was Robin Givhan, The Washington Post’s senior critic-at-large who penned a column on January 11 in which she said “the cover did not give Kamala D. Harris due respect… It was a cover image that, in effect, called Harris by her first name without invitation.” Givhan, who became the first fashion writer to receive the Pulitzer Prize for Criticism in 2006, sat down with Imran Amed in the latest episode of The BoF Podcast, to further discuss the cover’s significance and the wider tumultuous landscape of US politics. Debating Harris’ portrait is about more than just a critique of the technicalities and production value of a fashion glossy. Its release comes at a time of political division and fraught race relations, just days after a violent right-wing mob stormed Washington D.C.’s Capitol building, an event incited by President Trump, who now faces a second impeachment for his involvement in the incident. “The last few years have been an exhausting, emotionally draining time,” said Givhan. “I was very surprised that [the cover] became such an issue. I was really stunned that people were so exercised about it. When you think about it, it’s [like] pain from a thousand papercuts, and this was the 1001st papercut.”The informality of the image chosen for the print cover carries greater historical significance and weight. Vogue and Anna Wintour defended it as an extension of the Biden-Harris campaign’s platform of accessibility, which Givhan described as a “legitimate” point of view. But, she said, “I think that the upset is rooted not so much in the current moment but its history. Throughout history, Black women in particular were not given the kind of respect that white women were. People had this familiarity with Black women that was not about friendship and equality but was condescending. Understanding the complicated nature of that would give one pause in presenting the first female vice president — a Black woman — in that way.”While the alternative digital cover image, which depicts Harris in a more presidential light and formal style, offers some reprieve, this print issue has significance as a cultural souvenir (“you can’t give a screengrab to your grandchildren,” said Givhan), and there is no real opportunity for a do-over. “There’s no way to make people happy,” said Givhan, adding that it’s important to instead listen to criticism and “recognise where things went astray” in allowing this misstep to happen. “You just have to do better the next time, and the time after that and the time after that.”External clips courtesy of Good Morning America and ABC7 News Hosted on Acast. See acast.com/privacy for more information.

H&M's Christopher Wylie and VC Roger McNamee discuss fashion's reliance on big tech giants like Facebook and Amazon. They highlight the need for the industry to reduce dependence on these platforms and regain control of their businesses. The podcast explores the impact of Silicon Valley on society, surveillance capitalism, and the challenges faced by the fashion industry. Recommendations include resisting tech dominance, collaboration across industries, and detaching from heavy reliance on technology platforms.

At BoF VOICES, Axios journalist Felix Salmon, economist Dr Dambisa Moyo and Sinovation Ventures chief executive Kai-Fu Lee discussed how fashion can navigate challenging economic times. The current global outlook of mounting debt levels, contracting global trade and rising nationalism bear more than a passing resemblance to conditions in 1929, at the onset of the Great Depression. But that alarming trajectory is not set in stone, panelists at BoF VOICES, BoF’s annual gathering for big thinkers, said. Dr Dambisa Moyo, an economist and author who drew the comparison, said she was “optimistic in many respects,” and sees technological innovation as one way out of the global economy’s current troubles. That’s not to downplay the challenges. Journalist Felix Salmon described an economic “balkanisation” that was making it more difficult for cross-border business, while noting that China’s rapid rebound from Covid-19 could power global markets. Related Articles: Hans Ulrich Obrist: The Antidote to Globalisation VOICES 2020: Finding Opportunity in a Global Crisis   Find out more about #BoFVOICES here.   To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter.   Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout. For all sponsorship enquiries, it’s: advertising@businessoffashion.com. Hosted on Acast. See acast.com/privacy for more information.

Leading health experts Sarah Jones and Noel Brewer discuss how successfully controlling the pandemic is a question of culture as well as science at BoF VOICES 2020.   The development of working Covid-19 vaccines in a matter of months is a remarkable feat of the pandemic. The biggest challenge in successfully bringing them to market may be cultural rather than scientific.Whether populations trust public health officials and accept widespread vaccination programmes will determine how the world emerges from the pandemic, said Noel Brewer, professor of health behaviour at the University of North Carolina in conversation at BoF VOICES.Already substantial differences in cultural norms have had a significant influence on how successfully countries have responded to the health crisis, as Sarah Jones, creator of the corporate mental health programme Mental Health Intelligence, explained. Jones has contributed to the largest open-access study that has been conducted on behaviour related to Covid-19 health.Among its findings: There is no global consensus about the value of social distancing measures. Nordic countries like Denmark and Finland have few people who report always wearing a mask, while other countries report a high percentage of people who say they always wear masks. In Asia, social norms around mask-wearing mean that citizens are more likely to voluntarily wear them, while in Europe, people are less likely to wear a mask unless they are legally obligated to do so. The diverging mask-wearing behaviour has led to lopsided progress in tackling the Covid-19 crisis, and extends to how people feel about taking the vaccine. Brewer said that this is where public health officials and government leaders have a responsibility to encourage their citizens to practice social distancing and receive a vaccination. The goal: To emerge from the crisis together.   Find out more about #BoFVOICES here.   To contact The Business of Fashion with comments, questions or speaker ideas please email podcast@businessoffashion.com.   Sign up for BoF’s Daily Digest newsletter. Ready to become a BoF Professional? For a limited time, enjoy 25% discount on an annual membership, exclusively for podcast listeners. Simply, click here, select the Annual Package and use code PODCASTPRO at the checkout.   For all sponsorship enquiries, it’s: advertising@businessoffashion.com. Hosted on Acast. See acast.com/privacy for more information.